Luxury Watches & Jewelry - Cameroon

Cameroon

in Cameroon, a country Central_Africa, is no stranger to the Luxury Watches & Jewelry market.
In 2024, the revenue in this segment amounts to US$3.01m.
Looking ahead, the market is projected to experience an annual growth rate of 3.02%, as measured by the compound annual growth rate (CAGR) from 2024 to 2028.
When compared to other countries globally, it's important to note that in China takes the lead with a staggering revenue of US$25,250m in 2024.
This demonstrates the significant presence and influence of the Luxury Watches & Jewelry market in China.
To put this into perspective, in terms of per person revenues, each individual in Cameroon contributes US$0.10 to the overall revenue of the Luxury Watches & Jewelry market in 2024.
This highlights the economic significance of this market in relation to the population size of Cameroon.
Cameroon's luxury watch market is flourishing, with a growing demand for high-end timepieces among the country's affluent population.

Key regions: United Kingdom, China, France, South Korea, Japan

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Analyst Opinion

Hard luxury is a mainstay of the personal luxury goods industry and still accounts for a high share of sales, yet it has been characterized by relatively low growth in recent years due to an economic slowdown and changing consumption habits, especially in the Greater China region, which used to fuel global sales at the beginning of the decade. The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook, Lao Feng Xiang, and Rolex. A detailed list of all assessed companies and their brands can be found in the methodology.

Methodology

The Luxury Watches & Jewelry market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Watches & Jewelry industry.